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Singapore found to have ineffective measures to fight money laundering, despite strong legislation

27 Sep 2016

1 min read

Anti-Money LaunderingPrivate SectorSingapore

Singapore found to have ineffective measures to fight money laundering, despite strong legislation

Singapore demonstrates a strong anti-money laundering (AML) legislative framework but shows significant weaknesses in its effective implementation, according to a recent review by the Financial Action Task Force (FATF).

The Basel Institute on Governance provides a comparative analysis illustrating how Singapore fares/compares against other countries evaluated by the FATF on the basis of its new assessment methodology.

See the detailed results and press statement.

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